The banking sector in Nigeria has experienced significant growth over the years and has become a major contributor to the country’s economy.
As a result, banks in Nigeria offer competitive salaries to their employees.
If you are a graduate looking to make a career in the banking sector, it is essential to know about the highest paying banks in Nigeria.
To work in a bank in Nigeria, a minimum of a bachelor’s degree in a relevant field such as finance, economics, accounting, or business is required.
However, banks in Nigeria recruit graduates in all fields that have an interest in the banking section into their entry-level recruitment.
Professional certifications such as ACCA, ICAN, or CFA will be an added advantage.
Additionally, excellent communication and interpersonal skills, computer literacy, and attention to detail are also essential for a bank job.
1. Access Bank
Access Bank is a multinational financial institution with operations in Africa and the United Kingdom. The bank has a workforce of over 11,000 employees.
As a leading provider of banking and financial services, Access Bank offers competitive entry-level salaries to its employees. In addition to competitive compensation, Access Bank provides a comprehensive benefits package that includes health insurance, retirement benefits, and paid time off.
Entry Level Salary: N250,000 – N300,000 per month
2. First Bank
First Bank Plc is a Nigerian public limited company and leading financial institution in Nigeria with over a century of experience serving customers across the country. With a workforce of over 10,000 employees, First Bank Plc is committed to providing world-class banking and financial services to its customers.
For those seeking a fulfilling career, First Bank Plc offers competitive entry-level salaries to its employees. In addition to competitive compensation, First Bank Plc provides a comprehensive benefits package that includes health insurance, retirement benefits, and paid time off.
Entry Level Salary: N200,000 – N250,000 per month
3. Guarantee Trust Bank
Guarantee Trust Bank (GTB) is a premier financial institution in Nigeria, known for its cutting-edge and customer-focused solutions. With over 8,000 employees and over 300 branch offices nationwide, as well as in Côte d’Ivoire, Kenya, Liberia, Gambia, Ghana , Rwanda, Sierra Leone, Uganda, and the United Kingdom.
At GTB, entry-level employees can expect not only competitive salaries, but also a comprehensive benefits package that includes health insurance, retirement benefits, and paid time off. The bank values employee growth and offers ample opportunities for professional development and career advancement.
Entry Level Salary: N200,000 per month
4. Zenith Bank Plc
Zenith Bank Plc was founded in May 1990 by Jim Ovia. Zenith Bank is a dynamic financial institution that is at the forefront of innovative banking solutions in Nigeria. With over 15,000 employees and over 500 branches nationwide.
For those seeking a challenging and rewarding career, Zenith Bank Plc offers competitive entry-level salaries and a comprehensive benefits package that includes health insurance, retirement benefits, and paid time off. The bank values employee growth and provides opportunities for professional development and career advancement.
Entry Level Salary: N180,000 – 200,000 per month
5. Fidelity Bank Plc
Fidelity Bank Plc won the ‘2022 Best SME Bank’ in Nigeria at the Annual Global Banking & Finance Awards which held in London, UK. Fidelity Bank has over 5,000 employees and over 250 branches nationwide dedicated to providing innovative and customer-centric solutions.
As a forward-thinking employer, Fidelity Bank offers competitive entry-level salaries and a comprehensive benefits package, which includes health insurance, retirement benefits, and paid time off. The bank recognizes the importance of employee growth and provides opportunities for professional development and career advancement.
Entry Level Salary: N180,000 per month
6. Union Bank of Nigeria:
Union Bank, which was founded in 1917, is among the country’s aged banks. Colonial Bank had been the initial name, but it was renamed Barclays Bank after Barclays Bank acquired Colonial Bank in 1917.
Two of the bank’s divisions are Union Bank United Kingdom Plc & Union Bank United Kingdom Plc. The bank has locations and contact points all around the country.
Even though it has been in Nigeria even before the country’s independence, the bank is committed to providing its customers with a high-quality banking service.
Entry Level Salary: N180,000 per month.
7. United Bank for Africa
United Bank for Africa (UBA) is a leading financial institution in Africa, with a commitment to empowering Africans through innovative financial solutions. With over 10,000 employees and a network of over 700 branches across 20 African countries, as well as in France, the U.S. United Kingdom, and the United Arab Emirates.
When it comes to finding a career as a young graduate in banking section, UBA is indeed an option. At UBA, entry-level employees can expect competitive salaries and a comprehensive benefits package that includes health insurance, retirement benefits, and paid time off.
Entry Level Salary: N150,000 – N180,000 per month
8. Sterling Bank Plc
Sterling Bank Plc won the “Most Innovative Bank” by World Finance. With over 4,000 employees and a network of over 200 branches, Sterling Bank is committed to driving financial inclusion and empowering its customers.
As an employer, Sterling Bank recognizes the value of its employees and offers competitive entry-level salaries, comprehensive benefits, and opportunities for professional growth and career advancement
Entry Level Salary: N145,000 per month
9. Ecobank Nigeria
Ecobank is a well-known pan-African bank with locations in West, Central, and East Africa. The bank, which began operations in 1985, today operates in 34 countries and has over 1,000 offices and over 10,000 employees.
Ecobank Nigeria offers competitive entry-level salaries and a comprehensive benefits package that includes health insurance, retirement benefits, and paid time off. The bank values employee growth and provides opportunities for professional development and career advancement.
Entry Level Salary: N140,000 per month
10. First City Monument Bank:
FCMB is a modern Nigerian bank that competes with the best financial institutions in the country. FCMB have over 300 branches and more than 5,000 employees nationwide.
As an employer, FCMB values its employees and offers a comprehensive benefits package that includes health insurance, retirement benefits, and paid time off. The bank also offers competitive entry-level salaries and opportunities for professional development and career advancement.
Entry Level Salary: N110,000 per month
